One property in particular I looked at (potential for 4 units, with 1 in garden/basement plus 3 above-grade) would need all the standard rehab stuff, almost gutting down to the bones, plus 5 major projects:1.

I am now actively searching for rehab deals or high ROI rental opportunities in the Palm Beach Gardens/Jupiter area.I am more than happy to answer any tax questions or review any investment analysis you are working on. 

I got lucky (twice) by finding good deals in a good, up-and-coming neighborhood (Prospect Lefferts Gardens).

.- Coordinate with neighbor for their potential needs (direct lease to them)- Coordinate with neighbor for access to improve market value of your dog-leg parcel- Donate the land to the local garden club to improve the aesthetics and drive higher rents. 

Examples: properties in areas zoned exclusively for STRs, purpose-built STRs, prime location relative to attractions, views, unique architecture, and other amenities that are time and capital intensive to replicate like indoor pools, etc… That average looking house in an average location you’re looking at on Zillow might cashflow today at an affordable price, but it is wildly vulnerable tomorrow.

Hello BiggerPockets!

My name is David W. Paul and I am a private equity investor located in Northern Palm Beach County. I have noticed a great deal of big VC firms coming down and buying up real-estate at ma...

[I have had a roof leak (insurance covered, but still need to pay deductible), AC stolen (insurance covered but still need to pay deductible), tree fall onto my tenants car (turns out to be an "Act of God" but still paid the gardener to cut down the tree), and a tenant trash my place during an eviction.]If I didn't have a positive cashflow on my properties and used it to build a healthy cushion, these situations would have been more stressful.It's also important to look at what are you including in your expenses to calculate the cashflow.

I don't even make a claim to knowing much about taxes.Yes depreciation you can get added back.That's fine if you owe a bunch of real estate.I know people with credit in the 800's and money to put down and they simply can't get a loan.Sure if they look hard enough they can get a trash loan at 10% interest but people with credit scores like this simply won't pay those rates.Some are nearing retirement and going to places like Costa Rica.You can get a house that would be millions here for 500k and get a butler,maid,gardener for a few hundred a month.

Garden of the Gods,  now that is a great subject and one of the most attractive, nature parks in the Nation.We should talk about this.Johnny,  I would kick back for a couple months and reflect on the post you have been given by so many people with so much experience.Just chill for a moment and think out your dreams to build homes!

If he's got a garden or lawn going and forgot and left the sprinklers on overnight a few times it could reach that... maybesounds more like a leak though, and not a small one.